World on the brink of an oil price war

<p> London: A group of the world’s most powerful oil ministers will soon gather in Vienna to take arguably one of the most important decisions that could affect the still fragile world economy: whether to cut production of crude to defend prices at $100 (Dh367) per barrel, or keep open the spigots as winter looms among the biggest energy-consuming nations?</p>.... Read more »

Posted on : 10/5/2014

4K TVs have become affordable now, retailers say

<p> Dubai: Sales of ultra high-definition (UHD), also known as 4K, TVs are soaring as prices get aggressive and affordable for consumers.</p> <p>The 4K TVs boast a pixel format of 3840 x 2160 pixels, four times that of current 1920 x 1080p Full HD TVs, and have great clarity and depth.</p>.... Read more »

Posted on : 10/1/2014

Saudi Arabia pivots towards Asia for oil exports

<p>Asian refiners may be about to get a welcome boost from major oil producer Saudi Arabia, which is likely to keep lowering the cost of crude to the region. Saudi Aramco, the kingdom’s state oil producer, looks set to again cut the official selling prices (OSPs) for November cargoes when details are published shortly.</p>.... Read more »

Posted on : 10/1/2014

Dubai World agrees restructuring with largest creditors

<p>Dubai: Dubai World’s biggest creditors have agreed a deal with the state-owned conglomerate to renegotiate its debt repayment schedule, one of Dubai’s top government officials said on Wednesday.</p>.... Read more »

Posted on : 10/1/2014

Dubai to tap into Africa growth via key investments

<p>Dubai: The Dubai government is turning its attention to Africa in a bid to cash in on the world’s second most populous continent through a series of key strategic investments. The message was clear at the Africa Global Business Forum in Dubai held on Wednesday. In what may have been a clear sign of Dubai’s intentions, Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, sat in on the forum during a panel discussion featuring the Presidents of Ghana, Ethiopia and Rwanda.</p>.... Read more »

Posted on : 10/1/2014

Alibaba shares surge 46 per cent in their debut

<p>New York: Alibaba Group Holding Ltd’s/sshares rose as much as 46 per cent in their first day of trading on Friday, lifting the Chinese online retailer’s value to $244 billion.</p>.... Read more »

Posted on : 9/19/2014

Germany's IT deficit needs serious attention

<p> The Hannover Messe, the world’s largest industrial fair, is normally an occasion for German industry to celebrate its world-beating engineering prowess.</p>.... Read more »

Posted on : 9/19/2014

Dubai-UAE looks to cement its super-hub status with $32b investment.

<p> Desert destination Al Maktoum International airport stands alone in the desert, on the fringes of Dubai.</p>.... Read more »

Posted on : 9/10/2014

Apple iPhone 6 and iPhone 6 Plus on order in UAE on September 27

<p>Dubai: Apple’s iPhone 6 and iPhone 6 Plus smartphones will be available to order in the UAE starting September 27, according to Apple’s online store in the country.</p>.... Read more »

Posted on : 9/10/2014

Instant messaging preferred form of communication: Study

<p>Users prefer WhatsApp and BBM to communicate in the UAE</p>.... Read more »

Posted on : 9/10/2014